Distribution Amount Sample Clauses

Distribution Amount. All distributions shall be allocated as follows:
Distribution Amount. Section 1.1
Distribution Amount. Immediately after the Closing Extra Space and HSRE shall cause HSRE-ESP to distribute to Extra Space cash in an amount (the “Extra Space Distribution Amount”) equal to the sum of: (i) the “Initial HSRE Contribution Amount” (hereinafter defined) minus (ii) any closing costs and prorations described in Section 4.3 below (including the costs described in Section 4.3.4 below) (collectively, the “Prorations”) and credited, as of the Proration Date (as defined below), to HSRE-ESP, plus (iii) any Prorations credited, as of the Proration Date, to Extra Space. As used herein, the term “Initial HSRE Contribution Amount” shall mean eighty percent (80%) of the difference between (A) the Contribution Value, minus (B) the sum of the aggregate unpaid principal balance of the Existing Indebtedness plus all accrued and unpaid interest with respect to the Existing Indebtedness as of the Proration Date. Extra Space and HSRE agree that for purposes of determining the balance of Extra Space’s “Capital Account” (as defined in the HSRE-ESP Operating Agreement) and Extra Space’s “Adjusted Capital Account” (as defined in the HSRE-ESP Operating Agreement), the gross amount of Extra Space’s initial “Capital Contribution” to HSRE-ESP shall be reduced by the Initial HSRE Contribution Amount notwithstanding the fact that the amount actually distributed to Extra Space by HSRE-ESP is adjusted (either increased or decreased) pursuant to the provisions of this Section 2.2.2. The parties hereby agree that the provisions of this Section 2.2.2 are intended to cause the Adjusted Capital Accounts of HSRE and Extra Space to be in an 80.00%/20.00% ratio, respectively, following the contribution of the ESP Interests by Extra Space and the Initial HSRE Contribution Amount by HSRE and the distribution of the Extra Space Distribution Amount to Extra Space and the pro-rations and credits provided for herein.
Distribution Amount. Hui Xian REIT will distribute a total of RMB160 million (“2021 Final Distribution”) to Unitholders for the period from 1 July 2021 to 31 December 2021. The 2021 Final Distribution represents 90% of Hui Xian REIT’s total amount available for distribution during the period from 1 July 2021 to 31 December 2021 and will be paid in RMB. A total of RMB410 million has been distributed to Unitholders of Hui Xian REIT on 27 September 2021 for the period from 1 January 2021 to 30 June 2021. In total, Hui Xian REIT will distribute a total of RMB570 million to Unitholders for the year ended 31 December 2021. The distribution amount includes certain profit elements in the capital nature of Hui Xian REIT. The amount of capital nature items is RMB281 million (2020: RMB304 million).
Distribution Amount. See Section 4.1(c)(i).
Distribution Amount. Those amounts to be distributed to Company, Sub-Servicer and other parties as provided on the Monthly Servicing Reports. Inactive Receivable. A Receivable in which Sub-Servicer has been duly instructed by Company to cease all servicing activities with the exception of posting payments received from Obligors in connection with deficiency account balances. Lock-Box Account. A remittance banking account owned and maintained by Company to which Obligors shall be directed to deposit funds with respect to the Receivables. Sub-Servicer shall be vested with certain access rights and other powers with respect to this account as established in the Limited Power of Attorney attached hereto as Exhibit A. Monthly Servicing Reports. A report to be delivered to Company or its designee(s) on each Reporting Date. Said report shall detail the Distribution Amounts posted to the designated account of Company, and the amounts to be distributed to Sub-Servicer as fees and expenses for any Reporting Period. Such report shall contain the information set forth in Exhibit B hereto. Obligor. An account debtor or any other person obligated under a Sales Contract to make payments on the Receivable.
Distribution Amount. The amount available for distribution from the Fund shall be calculated following the close of the Foundation’s fiscal year on June 30. The calculation shall be based on the average ending balances of the Fund over the past 20 quarters, or if the Fund has not existed for 20 quarters, on the average ending balances of the Fund on June 30 for as many prior quarters as the Fund has existed. Currently, the Foundation’s “Spending Policyobjective is to distribute up to 5% of the average ending balance of the Fund, as calculated above. Distributions shall not commence until the Fund has been invested for one complete fiscal year – July 1 to June 30. Please note that the Foundation may change the Spending Policy from time to time at its sole discretion.
Distribution Amount. In the event of a voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of shares of the Convertible Preferred Stock are entitled to receive out of the assets of the Company available for distribution to shareholders, before any distribution of assets is made to holders of Common Stock or any other stock ranking junior to the Convertible Preferred Stock as to liquidation, a liquidating distribution as to each share in an amount equal to the greater of (i) $1.875 or (ii) an amount equal to the liquidating distribution paid to the holders of the number of shares of Common Stock into which such share of Convertible Preferred Stock is deemed to be convertible at the Conversion Price, plus accumulated and unpaid dividends, if any. The holders of Convertible Preferred Stock and any Parity Stock hereafter issued that rank on a parity as to liquidation rights with the Convertible Preferred Stock will be entitled to share ratably, in accordance with the respective preferential amounts payable on such stock, in any liquidating distribution that is not sufficient to pay in full the aggregate of the amounts payable thereon. Neither a consolidation, merger or other business combination of the Company with or into another corporation or other entity nor a sale, lease, or exchange or transfer of all or part of the Company's assets for cash, securities or other property will be considered a liquidation, dissolution or winding up of the Company.
Distribution Amount. Hui Xian REIT will distribute a total of RMB126 million (“2020 Interim Distribution”) to Unitholders for the six months ended 30 June 2020. The 2020 Interim Distribution represents 90% of Hui Xian REIT’s total amount available for distribution during the period from 1 January 2020 to 30 June 2020 and will be paid in RMB. The distribution amount includes certain profit elements in the capital nature of Hui Xian REIT. The amount of capital nature items is RMB126 million (2019: RMB244 million). The year-on-year decrease in distribution amount was primarily caused by a drop in NPI mainly due to the COVID-19 pandemic, unrealised exchange loss on bank loans, and discontinuation of the early repayment of investment capital through repatriation of depreciation in accordance with the PRC foreign investment law which came into effect on 1 January 2020. Due to the stressed political tension between US and China and the current global uncertain and volatile economic and socio-political environment, the Manager has decided to take a prudent view and discontinued to include the unrealised exchange loss on bank loans as a discretionary distribution during the Reporting Period. In prior years, Distributable Depreciation was distributed to Unitholders as part of the distribution amount. Under the PRC foreign investment law effective on 1 January 2020, there is no provision for early repayment of investment capital of foreign investors through repatriation of depreciation to outside Mainland China. The amount was retained in the asset companies in the PRC, and could not be repatriated to Hong Kong for distribution.
Distribution Amount. The Company agrees: (i) that, prior to the consummation of any Business Combination, it will submit such transaction to the Company’s shareholders for their approval (“Business Combination Vote”) even if the nature of the acquisition is such as would not ordinarily require shareholder approval under Cayman Islands law; and (ii) that, in the event that the Company does not effect a Business Combination by the termination date of the Company’s corporate existence (“Termination Date”), the Company shall take all action necessary to dissolve the Company and liquidate all assets of the Company including the Trust Account to holders of the Company’s Ordinary Shares issued in the Offering (“IPO Shares”) as soon as reasonably practicable, subject to the requirements of the laws of the Cayman Islands. Upon liquidation of the Trust Account, the Company will distribute to all holders of IPO Shares an aggregate sum equal to $____ per IPO Share (plus the interest income earned on the Trust Account not previously distributed to holders of the IPO Shares but net of: (i) taxes payable on interest earned; and (ii) up to an aggregate of $1,400,000 of interest income that the Company may draw for working capital purposes) plus a pro rata share of any remaining net assets, subject to any valid claims by our creditors that are not covered by amounts held in the Trust Account or the indemnities provided by the Sponsors. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company, including the Placement Securities and Ordinary Shares held by the Initial Shareholders prior to the Offering.